§ Mr. Higginsasked the Chancellor of the Exchequer what information will be specified on the new form of certificate 62W which he intends to substitute for the present form R62 used by banks; and whether banks will complete these forms for any interest paid to them or only interest allowable for tax purposes.
Mr. JenkinsThe information in question is set out in paragraph 15 of Schedule 13 to the Finance Bill and the Report Stage Amendments—Nos. 308 and 274—which I propose to that paragraph. Banks will be required to give a certificate of interest paid if the customer asks for it, without concerning themselves with his right to tax relief.